Good note @PhillW
I would add two things to look into -
- ATM funding, that is equity funding at the option of the Board set up in advance and prices set my the MMA Board. Would work well in a rising commodity price market.
- the possibility that timelines can be compressed in an evident multi-decade Bull Market. Someone with experience going back a long way would have to answer that, and I am not old enough
At-The-Market funding -
At-The-Market Offerings Are A Win-Win | Seeking Alpha
https://www.acuitycapital.com.au/at-the-market/
MMA Comparison Against its Peers, page-16
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